Whale Buys $1.34B Ethereum Tops ETF Inflows Before US CPI
An unidentified crypto whale amassed 312,052 ETH (approx. $1.34 billion) across ten wallets over eight days, outstripping recent US spot Ethereum ETF inflows by $300 million. This strong accumulation coincided with record $1 billion ETF investments and could propel ETH toward its all-time high near $4,890, over 12% above current levels.
Traders now await key US CPI and PPI reports ahead of the Federal Reserve’s September 17 policy decision — markets assign an 82% probability of unchanged rates. Ethereum’s Z-score at −0.06 indicates price movements within normal volatility. However, higher-than-expected inflation may curb risk appetite and stall gains, warns XBTO CIO Javier Rodriguez-Alarcón. While short-term holders are booking profits, continued corporate treasury purchases and ongoing whale flows remain critical catalysts for ETH’s near-term trajectory.
Bullish
The whale’s large-scale accumulation of 312,052 ETH and surge in US spot Ethereum ETF inflows create substantial buying pressure, lifting ETH toward its all-time high. In the short term, this aggressive demand and positive ETF flows may drive price surges, though unexpectedly strong inflation readings could trigger profit-taking or volatility. Over the longer term, ongoing corporate treasury purchases and continuous whale activity support a bullish outlook, provided macro conditions remain stable.